Liquidation Trust definition

Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

Liquidation Trust means the trust, of which the Liquidation Trustee shall serve as trustee, formed pursuant to this Plan, the Liquidation Trust Agreement, and the Confirmation Order.

Liquidation Trust means that Liquidation Trust established pursuant to this Plan in which the Liquidation Trust Assets shall vest on the Effective Date.

Examples of Liquidation Trust in a sentence

• Each member of the Liquidation Trust Supervisory Board serving on the Audit Committee thereof shall receive, in respect of service on the Liquidation Trust Supervisory Board and the Audit Committee rendered on or after February 1, 2020, compensation of $10,000 for each calendar month of such service.

• Except for (i) the compensation and expense reimbursement set forth in this Section 3.3 and (ii) indemnification as set forth in Article VII hereof, the members of the Liquidation Trust Supervisory Board shall receive no compensation or other payment for the performance of their duties hereunder.

• All members of the Liquidation Trust Supervisory Board shall also be entitled to reimbursement from the Liquidation Trust Assets of all actual, reasonable and documented out-of-pocket costs and expenses incurred thereby in connection with their service on the Liquidation Trust Supervisory Board.

• Further, each member of the Liquidation Trust Supervisory Board serving on the Cybersecurity Committee thereof shall receive, in respect of service on the Cybersecurity Committee rendered on or after May 1, 2024, additional compensation of $5,000 for each calendar month of such service.

More Definitions of Liquidation Trust

Liquidation Trust means the trust established pursuant to the Plan and in accordance with the Liquidation Trust Agreement.

Liquidation Trust means the trust established under Section 5.4 and the Liquidation Trust Agreement.

Liquidation Trust means the trust established under the Plan and the Liquidation Trust Agreement.

Liquidation Trust means the trust established on the Effective Date as described in Article IX of this Plan and in accordance with the Liquidation Trust Agreement.

Liquidation Trust means the trust established pursuant to Section IV.B, among other things, to hold the Liquidation Trust Assets and make distributions pursuant to Article V.

Liquidation Trust means the trust established pursuant to the Liquidation Trust Agreement.

Liquidation Trust means a liquidating trust that will be established for the benefit of